Just curiosity: What would this "detaxing" mean in this context? Do the US have a tax for simple monetary transactions, or would this mean people would not have to pay VAT if they pay with BTC?
My understanding is that you can spend your bitcoin without thinking about taxation on your side up to 600$ per transaction. Here is an article of our beloved fortune http://fortune.com/2017/09/07/cryptocurrency-bitcoin-taxIn any case, you made me worried now and I set up a stop loss bot. Let's hope I won't have to use it  I still think that regardless of adoption, bc can be an alternative for gold. Certainly nobody would want to spend any bitcoin around as long as they raise at a rate of 2000% yearly! |
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Good points. Keep in mind that crypto has its own little dot-com bubble of crappy companies right now (*cough* ICOs *cough*). I'm positive that the long-term effect on Bitcoin itself will be limited though.
Hard to argue with that... I was just scammed by one. But maybe china is fixing it (assuming they don't kill freedom and rules are more towards reducing scams), then ICOs might become really something! I think it's less about Schadenfreude and more about preparing newcomers for the worst. Making sure that people don't overreach in their investments and keep a level head. It's all fun and games until the bear market strikes and I don't think many of the new community members are fully aware of what they are potentially getting into. Seeing how some people get skittish when Bitcoin makes as much as a sneeze a reminder like OP's seems well placed.
A stable market needs strong hands and clear heads, everyone loses once things get emotional.
Indeed. As a noob I agree there is also too much talk about a 5% correction and too little about what can be done to expand bitcoin usage! The prime case is Japan. One could expect a booming cryptocurrency real-world market in Japan with a lot of growth of Bitcoin full nodes, with new businesses and services. But only 60 new full nodes have popped up in the last 9 months or so (I checked it back in January or February, and then there were about 80 nodes in that country). Japan has now 141 Bitcoin full nodes ( Source). That's essentially nothing. A small rural village, or five high school classes. Yes, full nodes are not equal to users, but business users should really run a full node. What I read from what you say is that there was a >70% increase in less than a year... Japan has passed the law only in April if I am not wrong... Then again I think nodes are more about communities, maybe universities. I don't think a business knows what a node is used for... Seems like there is more awareness in Germany and US compared to the rest of the world (and surprisingly UK is way down the list...) In my opinion there were the following reasons for the growth in the past year:
- first, Bitcoin was a bit undervalued, at least until early 2016, and so slowly began to grow as confidence rose
- then, the "halving bubble" brought optimism again into the market
- then we had the "ETF bull run", the ETF's failed, but the optimism still was there.
- the ICO bull run (caused by altcoins) in early-to-mid 2017 explains part of the current growth already
- and finally, in August, the "Segwit bull run".
Agree here. But then there is a chance that BC is about to go mainstream. I just read that it is likely that US is detaxing BC transactions up to 600$, if that happens that is a big opening the US government is giving to bitcoin. After all, you probably have more bitcoins than I do, so it is good to also hope a bit  |
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1- ETF: if it gets approved we might easily go to 10k
Most likely already priced in, unfortunately, so might not help us short term. In the long term however, very bullish of course. Yes, but there is a big reputation gain if and when it will get approved. Maybe you are right, it will improve over time The infrastructure has come a looong way since 2013, that is very true. However definitely not the only reason for the crashes of days of yore.
Don't forget localization. in 2013 if my memory serves me right was almost non existent (english or die) Regarding market cap Bitcoin is already in the ball park of S&P 500 companies. Unless you mean the whole market of course  I am thinking in terms of .com bubble. During that time there were some pretty crappy companies that had much less usage and utility than bitcoin with billions of market cap. Not comparable to our crypto space, where just a handful pass the billion. And regarding the growth, don't forget BC never had an 'IPO' or an analyst that said... this should start from 5000$. It started from 0...With 0 investments. For the rest I guess mine are only opinions to balance the overly pessimistic view of the OP (which might well happen). But when I hear that bitcoin will go down to 200$ I can't but think that there is a bit of schadenfreude (again to use the op language) because noobs (including me as I never really invested in bc before) did not pass those painful 3 years. |
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So, a couple of points that were not considered 1- ETF: if it gets approved we might easily go to 10k 2- Bearish market: I don't think we know where we are... Countries are legalizing bitcoins as we speak and the only real crash we had was because infrastructure at the time was pathetic (I mined a bit but I lost the coins when the hard drive died, don't think there was even a reliable wallet back then without downloading the full blockchain) 3- Market standard: The current bubble is high for bitcoin standards, but we are a long shot from wall street standards... 4- Financial attention: We might get into trade market. Russia is looking into this and US might get there too... First lobbies are starting to form on a government level for bitcoin support You might be right though, we might be near the end (specially given the fork), but if I look on tradingview, and all people trying to predict anything with TA, it is a bit of a tragedy. I like to click play and see what people predicted in the past re. to bitcoin and a 50% success ratio is quite an achievement there. I am just trying to say that there seems to be no real way to tell what to do next... I'll be holding for the moment, if it goes flat to 3k so be it  I hope bc will wake up again in a couple of years if so. [Edited] Regarding the fact that shops did not increase since 2013... Please take a look here https://coinmap.org/#/world/30.90222471/22.14843750/2 |
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I've tried to mail the Bittrex support in the meantime asking if they are actually supporting karbon, given that their logo is on their page... Unfortunately I got a generic reply saying that When will coin X be added to Bittrex?
Bittrex staff will never comment on whether or not a coin will or will not be added to the exchange.
If anybody has better luck with Poloniex, maybe that helps, but this kind of behavior from Bittrex doesn't help the community overall |
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Just to balance the market they need to correct some things including the high price of bitcoin. From 5000$ went back to 4500$ that might be the correct price of bitcoin within this month.
Yep... Let's just hope it wont turn into a massacre due to the ICO regulations I can assume many of the companies that now need to comply are cashing out - and I think it is also safe to assume that some of them converted their eth into bitcoins, hence the crash Honestly, I am glad they are regulating the ICOs, as long as it doesn't turn out to be the same old manipulation and reduction of freedom of speech Same barrier we had on 1000$, you are newbie and maybe you wasn`t here to feel it
Guilty as charged Who didn`t expect this to happen? But price will go up again and before new year many things can happen, I`m optimist when it comes to price of bitcoin.
Haven't sold a single satoshi as of yet, infact, I'll be buying something soon... Still scared this ICO thing might become a big problem! |
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...aaaaand Goldman Sachs was right Looks like we are heading towards a 20% correction or so. |
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I think while we're observing btc crash, ethereum will make an explosion. Ether price will be increasing to 500 bucks after bitcoin crashed because bitcoin whales will exit from bitcoin to enter ethereum.
I love eth, and keep holding it for love, but I figured out that for business, btc is the real thing. I have no idea how ETH managed to get to 400, given that is not meant to store value (infinite tokens) but as fuel for projects. You could argue projects become a lot and demand a lot of eths... but all the failed (paid) projects take a toll on ETH as well. Just my thoughts... |
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So why did they let the third announcement pass I have to say it looks a bit better since they added the lady doing the presentation - however, the poloniex and bittrex logos that are on the announcement are not present on the page...Also they seem to have removed the bots from everywhere. Still 12 hours to go until the end of 50% bonus tho XD |
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They were caught posting 100 pages of repeating bot-posts on their thread. That alone is sufficient to know they are fraudulently misrepresenting their ICO, let alone numerous other aspects to the con you can practice spotting yourself.
Yep... not to mention the 50% bonus countdown on their home page that seems to reset every time to "12 hours until bonus end". Oh well, what is done is done, I still have hope... And they deleted my posts pointing to this thread in both their ANN and bounty thread too!
Well, that is defo bad advertising for them - their bounty thread is linked from their webpage, warnings from cryptodevil are still there tho |
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#howtospotascam101
Adverts cost next-to-nothing compared to the profit made by a scam, so don't treat them as any proof of legitimacy.
#howtospotascam101
Learn to tell the difference between a legit news article and a paid one.
#howtospotascam101
Treat EVERYTHING you read on CoinTelegraph.com as suspicious. They are the number 1 promoter of scams and have been for a long time now.
They don't give a shit about you, they only care that they get paid for adverts and promo-articles masquerading as 'news'.
All valid points, but what I was asking is, outside the basic '101' noob error I made sending them money without due diligence (won't happen again), can you clarify why you are absolutely certain this is a scam? You heard something or you are just making assumptions based on your '101' rules (in which case *maybe* there is still hope to see my money back and hope the Karbon guys are just cowboys...) |
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So... I have decided to hold - I think that even with a 30% retrace, I am still good since I entered at ~2k
But still, I think this time is a bit different than the previous times. Competition was mostly meh back in the days.
Now there is Ethereum and BCH
Ethereum is just half BC cap so I can see a 'lead' switch happening, particularly given their September release. It was already very close to surpass BC in capitalization...
BCH... I always thought it is a crapcoin, but if BC lowers the price per block with higher difficulty, BCH can really have a go at biting BC's bum.
Just my thoughts.
And yes... fair point that Goldman Sachs & Merrill Lynch failed in the past... But I am pretty sure they bought in the meantime a good stake of coins and can manipulate the markets to make sure their predictions are indeed correct
@Kemarit thanks for the welcome! XD
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All great points I feel a lot better... When you hear the stories about people selling after the 2013 crash you think they were crazy but living it on yourself is a different story... It is all fun and games when you know the outcome! |
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Can you elaborate a bit? Unfortunately I've sent some gas over (fortunately not much, but enough to make me angry). They say it was a marketing issue but I still see fishy comments on their pages...
Still, their page was advertised on coinmarketcap just recently and is on quite a few legit pages
Thanks
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It's really not my intention to spread panic or be part of it... Just as a fellow hodler I need to vent out my anxiety  And although I agree segwit is a big deal, I also think the big thing about bitcoin is its store of value. Now let's assume Goldman is correct - there is a correction that goes down 50%. Well - that would be enough to go have the same market cap as ETH (assuming eth doesnt blow with BC) - and at that point ETH can eat bitcoin alive... I wonder if any of you thought about this and what you think could help having a good peace of mind (excluding stop loss - which I cant do ufortunately) |
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True that... But 500k in 2 years seems too crazy to be true... On the other hand a mental barrier at 5k seems quite likely...
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Hello!
I tend to just read the forum and not to join in but there was a question I really wanted to answer so... Here I am!
What do you think about the Goldman Sachs prediction of a 4800$ top where all will collapse? Sounds like a biblical prophecy but well, they have been quite accurate about bitcoin so far.
We are getting close to the target so... What do you think will happen?
I was thinking that regardless of the prediction, maybe the 5000$ will work as a hardcore mental barrier... And pop the bubble.
So, what are your thoughts?
PS: Unfortunately I cannot paste the link as it says it is suspicious... but you can find it on CNBC
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